The major benefit of the application of silage additive products in animal feed is the resultant enhancement in the quality of silage. The result of a controlled process of fermentation is the increased intake of nutrients by animals and the help in maintenance of livestock health. Silage additive in 2016 is $480Million and expected to cross $579.79 Million by 2021 with a CAGR of 3.85%.
The demand for meat has accelerated due to the continuous increase in population, lifestyle variations, and cultural inclinations. Industrialization of animals and meat production is driving factor of the market. Increase in demand for animal protein all around the globe has applied pressure on livestock farmers for better quality and quantity. This condition has created an opportunity for silage additive producers. However, less efficiency of silage additives in comparison with other additives is likely to obstruct the growth of the market. Furthermore, future opportunities are anticipated due to the growth of and product innovation in the developing economies.
Inoculant is one of the most used silage additive products as it plays a major role in the process of fermentation. The maintenance of proper lactic acid content is the purpose of the usage of inoculants in the process of fermentation. LAB is the majority stake holder in the market at a market share of more than 80 percent. The inoculants market was worth USD 230 Million in 2016 and se is grow at a CAGR of 4.5 percent to cross USD 276 Million by 2021.
The growth of undesirable bacteria is restricted by the use of organic acid salts and other acids. These act as inhibitors of aerobic spoilage and also lead to reduction in the corrosive nature of the product. Propionic acid and Formic acid are the major types of acid consumed. The market here is expected to grow at a CAGR of more than 3.5 percent.
The primary purpose of the use of enzymes is to break the complex carbohydrates into simple sugars. The most used types of enzymes are hemicellulose and cellulose owing to their efficient function of reduction of the content of dry matter.
Feed losses are minimized by the application of adsorbents. The types of adsorbents vary from bentonite to pulp of sugar beet and grains, etc. depending on the content of dry matter. Europe is the most developed and seasoned market whereas Asia Pacific is expected to be growing the fastest, owing to the increasing consumption of adsorbents.
The most used chemical inhibitors are sodium nitrate and formaldehyde. The chemical inhibitors market is predicted to be growing at a CAGR of about 3 percent and is expected to touch USD 43 Million by 2021. The major constraint for the use of chemical inhibitors are the stringent regulatory structures by governments in many countries.
Sugars, Ammonia, Molasses, Minerals, and Urea, are some of the other commonly used silage additives. All of these are used for their respective functions in the enhancement of silage quality.
The availability of higher sophistication in the livestock industry in Europe coupled with the fact that the region is a developed market, has led Europe to be the major market share holder globally. North America and Europe together account for more than 60 percent of the global market share. However, Asia Pacific is expected to grow at a robust and highest CAGR owing to the rapid economic growth, changing food habits of consumers and the all over growth of the industries based on livestock/animals.